DEBT popularity and DEBT trends

SATURDAY The Chris Matthews Show 2012 campaign, Memorial Day. (N) 5 p.m. KNBC; 5:30 a.m. Sunday KNBC McLaughlin Group (N) 6:30 p.m. KCET SUNDAY Today 2012 election; the Black Dahlia murder; summer movie previews. (N) 6 a.m. KNBC Good Morning America (N) 6 a.m. KABC State of the Union With Candy...

SPAIN’S FINANCIAL crisis deepened as the stricken lender Bankia sought a bigger government bailout and the prosperous region of Catalonia said it needed Madrid’s help to refinance its debt.

Europe's debt crisis gets a new potential hero, with Germany once again cast in the role of villain.

redletterdave writes "On Thursday, former Boston Red Sox pitcher and tech entrepreneur Curt Schilling fired his entire staff at 38 Studios, his Rhode Island-based video game company, leaving more than 300 employees without jobs because the company couldn't repay its debt to the state. 38 Studios failed to pay Rhode Island's economic development agency $1.1 million, which was due last week, and ...

It's hard to turn around these days without bumping into a story bemoaning, debating, defending or decrying the skyrocketing costs of higher education.

ANOTHER flare-up in Europe's debt crisis knocked US markets lower overnight. This time, it was more trouble at a major Spanish bank.

NEW YORK (AP) -- Another flare-up in Europe's debt crisis has knocked U.S. markets lower....

The project to strengthen the monetary union will have to bring about eurobonds

S&P cuts the credit rating of five Spanish banks, including three to "junk," as struggling lender Bankia requests €19bn in state aid and Catalonia calls for assistance from central government to pay its bills.

ATHENS, Greece (AP) -- As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of such a move would be as quick as they would be brutal for ordinary Greeks, who would essentially take a 50-percent pay cut just as prices soar....

The Spanish banking system has taken center stage in the ongoing European debt crisis drama.

Spain's wealthiest autonomous region, Catalonia, needs financing help from the central government because it is running out of options for refinancing debt this year, Catalan president Artur Mas said today.

LONDON, May 25 (Reuters) - Private equity owned French clothing retailer Camaieu has asked lenders to amend roughly 1.2 billion euros ($1.5 billion) of loans to avoid breaching a covenant after a...

Italian and Spanish insurers are most exposed to a Greek exit from the Eurozone through the contagion effect it could have on the two countries' sovereign and bank debt, while most German and UK insur...

The eurozone's engine-room of France, led by Francois Hollande (pictured), and Germany is now being hit by Europe's economic slowdown, gloomy new indicators have revealed.

Although the job market for college grads has improved a bit, it’s still very rough out there.

Europe’s leaders failed again to recognize that growth measures are crucial to resolving the debt crisis. They need a plan now for Greece and all their struggling economies.

United Technologies Corp. sold $9.8 billion in bonds, the biggest corporate-debt offering in three years, to help finance its takeover of aerospace parts maker Goodrich Corp.

They asked the court to uphold the trust, remove the lien and dismiss all legal action to seize the property.

* Holders of over $700 mln unsecured bond debt join forces-sources

Sovereign debt now trades at a lower price than that of Spain - yet Argentina’s finances are in good shape

The battle has shifted from the courtroom to the bottom line as attorneys fight to get their fees.

The flame for the London Olympics was recently lit in Greece. Helena Smith looks at the legacy of the 2004 Athens Games

LONDON (Reuters) - Voters from Germany to Greece would vote to keep the euro if their countries held a referendum tomorrow, according to a poll centered on the key national players in the euro zone debt crisis.

The long process of finding a solution to the euro zone debt crisis appeared to be sapping strength even from Germany, where manufacturing was down and confidence slipped.

Canadian credit rating agency DBRS adds its voice to the growing chorus of concern over Canada's housing market

Investor mood remains fragile after an EU summit generated no new initiatives to tackle the region's debt crisis.

A third of older people say the income from their pensions and savings is enough.

EU leaders wrapped up six hours of talks on the debt crisis early this morning with the German and French leaders acknowledging a deepening schism over the contentious question of jointly issued euro bonds.

Continuing its slide against the US dollar for the seventh day in a row, the rupee hit new record low of 56.38 today amid firm demand for the American currency from importers and continued capital outflows in view of Greece's debt crisis.

Yields on haven government bonds fell to record lows Wednesday, as investors piled money into triple-A-rated debt amid mounting worries that Greece may exit the euro zone.

Overheated housing market and high levels of household debt could put Canada in a bad spot

EU leaders begin summit talks in Brussels with Germany resisting pressure to launch eurobonds as a way to ease the debt crisis and revive growth.

Europe's debt woes got you down? Looking for a safe place to hide in this increasingly ugly market?

French president continues to defy Berlin and calls for eurozone-wide debt issuance as part of package of measures to boost growth

For the first time in more than two years of debt-crisis meetings, the leaders of France and Germany have not held their own mini-summit beforehand to agree positions, marking a significant shift in the traditional Franco-German axis.

Germany sold €4.56 billion of bonds carrying a zero per cent coupon today, its first-ever sale of debt offering investors no regular return and underscoring its safe-haven appeal at a time of turmoil in the euro currency zone.

Greece's tourism association has reassured travellers that it is still safe - and cheaper than ever - to holiday in the country, but some German tourists claim they have not been welcomed by locals.

China should try to change its foreign asset composition, converting more low-yield outbound debt investment to higher-yield equity investment.

Unaffordable debt from mail order catalogues is prompting more calls for help to a charity than payday loans, mortgages or rent.

Terms of debate at Brussels meeting expected to shift as French President Francois Hollande attends for the first time.

DOLLAR falls 1.5 US cents as nervousness grows that a summit of European leaders won't make progress on a debt crisis solution.

MADRID – Spanish teachers went on strike yesterday to protest against cuts in education spending that unions say will put 100,000 substitute teachers out of work but that the government says are needed to tackle the euro zone debt crisis.

A renewed call for bonds backed by the bloc is growing, but Germany said Tuesday that there was no way they would bend on collective debt.

BERLIN — European leaders are set to descend on Brussels on Wednesday for a showdown over suggested drastic remedies for the region’s debt crisis, even as fresh signs emerge that Europe’s escalating woes could plunge the region into a recession capable of undercutting the global economic recovery. Read full article >>

WASHINGTON (AP) -- The Senate's top Democrat says Republicans will have to accept higher taxes on the rich and drop efforts to reshape Medicare if they want a deal on cutting the debt....

Europe's debt crisis has a mounting human cost: euro-zone unemployment. Addressing part of the solution, low labor mobility, is a challenge.

YC alum ReadyForZero, an online financial service that's trying to get people out of debt faster, is today expanding to mobile with the launch of its first mobile app. For now, the experience is designed mainly to give you at-a-glance insight into your current debt situation. However, the mobile app also uses iOS push notifications to alert you to large purchases and payments which could impact...

We all have to repay some form of debt or the other in our lives but repaying the monetary kind is a serious pain.

Periodically, Reuters' Emily Flitter files a story on the Sino-American financial relationship that contains great reporting.  Unfortunately, analysts and pundits often take that reporting and misinterpret what it means.  The hardworking staff at this blog hereby dubs this phenomenon The Flitter Warning.  Her latest story, which got the Drudge link and was widely linked to,...

(Reuters) - ATLANTA - When he entered the race for the Republican presidential nomination in May 2011, Newt Gingrich was the prosperous head of a small empire commonly known as Newt Inc, which included both for-profit consultancies and nonprofit foundations. Altogether, these entwined ventures pulled in more than $110 million over the past decade. Now the vestiges of this empire are mired in de...

Wow. So here we are again.

Publisher of Yellow Pages with £2.2bn debt burden warns worsening trading conditions make breach of loan covenants more likely

With student debt threatening to hobble the recovery, a look at proposals to address the crisis, and the likelihood they'll go anywhere.

Kids, this is why you ALWAYS pay your taxes! Former G-Unit rapper, Young Buck, has been forced out of his fancy 5,000 square foot Tennessee mansion. Mr Buck — who filed for bankruptcy back in 2010 — was ordered to get the hell out of his house by May 16th. WHY? According to court [...]

Tampa, Florida – Essex Capital Group, Inc. ("Essex"), announced today that the firm recently acted as exclusive corporate finance advisor for Sun Coast Media Group, Inc. ('Sun Coast' or 'the Company'), managing a $10,000,000 recapitalization of the C...

Global leaders met this weekend at the presidential retreat in Camp David, but released few concrete proposals to combat global economic struggles. They urged Greece to meet its debt obligations and reiterated their desire for the country tot remain in the euro zone. Large-cap stocks had their worst week of the year last week — [...]

"Extremism and xenophobia" will sweep across Europe unless leaders take action to deal with debt crisis, Nick Clegg warns.

Republican and Democratic congressional leaders trade verbal jabs over a lame-duck session where both sides will tackle issues ranging from the debt ceiling to tax hikes that could add up to the largest increase in American history.Boehner Describes House GOP as '218 Frogs in a Wheelbarrow'

World leaders backed keeping Greece in the euro zone and vowed to take all steps necessary to combat financial turmoil while revitalising a global economy increasingly threatened by Europe's debt crisis.

World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.

Leaders of the Group of Eight major economies struggled to agree on next steps to calm the euro zone debt crisis, with consensus at a weekend summit coming more easily on ways to cushion the world from an Iranian oil embargo.

While defending his Thar Coal project in the Nation, Dr Samar Mubarakmand has said that reservations about Kalabagh dam should be addressed as it is a feasible project. He said when agreements with IPPs and RPPs were being signed it was not considered that oil prices would shoot up and gas reserves dwindle. The increased dependence on furnace oil had pushed up the cost of electricity to Rs 18 ....

While defending his Thar Coal project in the Nation, Dr Samar Mubarakmand has said that reservations about Kalabagh dam should be addressed as it is a feasible project. He said when agreements with IPPs and RPPs were being signed it was not considered that oil prices would shoot up and gas reserves dwindle. The increased dependence on furnace oil had pushed up the cost of electricity to Rs 18 ....

US President Barack Obama pledged at a Group of Eight summit on Saturday to work with Europe to balance growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy.

The prospect of high student debt and increased pension contributions could discourage young people from entering medicine, a senior doctor warns.

A budgeting offical from MOF said that the debts of China's local governments are controllable after enhanced efforts to bring down default risks.

It’s been another terrifying financial week which showed that the world’s political elite has less idea than ever of how to solve a debt crisis which began four long, painful years ago.

Republican Speaker of the House John Boehner drew a hard line in the sand this week, renewing a battle over the debt ceiling unless President Barack Obama agreed to significant budget cuts during what may be a lame-duck session after the November elections.

He’s either forgotten or just won’t admit how Bill Clinton actually balanced the budget

Manchester United's quarterly figures have revealed their net debt has risen by £26m with total revenue down 5.8 per cent. The Glazers have spent £71m on bonds and interest.

A top negotiator in Greece's huge debt write down deal has been appointed the country's caretaker finance minister.

We answer the key questions for holidaymakers planning a trip to Greece.

Failure by the country’s political leaders to form a coalition government keeps Europe’s debt crisis centre stage

LEGISLATION to prevent “unscrupulous cowboy operators” in the debt management industry taking advantage of vulnerable customers has been accepted in principle by the Government.

Socialist Francois Hollande is to be sworn in as France's president before naming a prime minister and dashing to Germany to battle with Berlin over how to tackle Europe's debt crisis.

LightSquared Inc. filed for Chapter 11 bankruptcy protection Monday, hours ahead of the expiration of a deal to keep hedge-fund manager Philip Falcone's venture from defaulting on its debt.

LONDON (Reuters) - Demand for the world's priciest houses is likely to cool this year after two years of strong growth, as concerns over Europe's debt crisis, the health of the global economy and...

HELLS Angels bikies are allegedly acting as bad debt collectors for multibillion-dollar packaging group Visy, a report says.

The picture was not all rosy as leaders who spoke during the special session pointed to persisting social and economic inequities, calling for greater efforts to reduce the gap between rich and poor and erase the shame of farmer suicides due to debt.

THE former boss of the football club which failed to pass on £8,400 of fans’ cash to charity had been INTEGRITY chief of the FA

The decision to spend or save, splurge or hoard money really comes down to a consumer's confidence about the future or their fear of it

French bank Credit Agricole reports worse-than-expected three month results, depressed by more write-offs of Greek debt.

Roddy Forsyth: Former Rangers owner thought nothing wrong in piling up debt in pursuit of glory - how wrong he was.

Recent inspections of 20 massage parlors in Huntington Beach uncovered 71 municipal code and building safety violations, and at least three parlors are facing temporary closure.

A merger with MetroPCS has its merits but there are issues of debt, sluggish performance and no great scale to offer

Canadians emerge from debt daze to find housing market in its ‘ninth inning’

VENKY’S CONTROVERSIAL reign at Blackburn Rovers is under renewed scrutiny following the emergence of an extraordinary letter from the club’s deputy chief executive that urges the owners to sack Steve Kean as manager, settle a £10 million (€12.4m) debt to avoid the threat of administration, and lays bare the dysfunctional relationship between the owners and the club’s board.

American universities -- whose grads often owe six-figure debts that can't be discharged in bankruptcy, and that can even be charged against their Social Security checks -- are increasingly engaging in the (legal) tactic of refusing to provide transcripts to grad schools or employers as a means of extorting payment out of students who get [...]

EUROPEAN VOTERS have delivered a powerful if not unsurprising rebuff to the austerity policies that have caused misery around the continent while failing to remedy its currency and debt crises. In France on Sunday, voters rejected President Nicolas Sarkozy’s bid for a second term, replacing him with Socialist Francois Hollande. In Greece, meanwhile, both centrist parties were punished in favor ...

The solo sex tape has started filming for a very desperate Nadya. Will she do anything for money? Deep in financial debt and living in a house that’s literally in shambles, Octomom started filming her solo pornography video on May 6 in order to get that big paycheck. But does she really need to do this [...]

WASHINGTON, DC— In this week’s address, President Obama spoke about his recent trip to Afghanistan, where he met with our brave troops and signed an historic agreement that will help put an end to the war.  The goal of defeating al Qaeda is within sight, we have killed Osama Bin Laden, and the President has now signed an agreement with Afghanistan that details a new relationship in which the ...

EUROPE IS braced for change and uncertainty as the people of France and Greece cast judgment on their leaders this weekend, votes with potential to reshape the political landscape in the third year of the debt crisis.

Facebook users are rallying around a campaign to boycott Spirit Airlines, after the carrier refused to refund the cost of a dying veteran’…

Private firm Circle which runs the Hinchingbrooke hospital is set to make millions of pounds while the centre is still in debt, it has emerged.

The former U.S. House of Representatives speaker, the face of the Republican party in the mid-1990s, badly trailed front-runner Mitt Romney in polls and his campaign fell into debt of $4.3-million

WASHINGTON (Reuters) - Ditch the Pentagon's F-35 Joint Strike Fighter and cut school breakfasts for poor kids, or raise taxes on the rich. On second thought, scratch those and raise the retirement age.

NUMBER one DJ and pop hitmaker David Guetta credits Aussie songwriters with two of his biggest moments.

Confessions of a Community College Dean: Class Dismissed In my darker moments, I sometimes wonder if the root of the problem with public higher education in America is that it was designed to create and support a massive middle class. And we've tacitly decided as a society that a massive middle class is not a priority. We're trying to fulfill a mission that the country has largely abandoned. ...

NEW YORK (Reuters) - The clock is ticking for hedge fund manager Philip Falcone to reach a deal by Monday morning with debt holders of LightSquared, the upstart wireless telecom controlled by Falcone's Harbinger Capital, or face a possible bankruptcy.

Bank governor has kept the pedal to the metal for years now with ultra-low interest rates, flooding the financial system with easy money

One of the nation’s largest medical debt-collection companies is under fire in Minnesota for placing employees in hospitals and demanding patients pay before receiving treatment, documents show.

Shares of Nokia (NOK) are down 4 cents, or 1%, at $3.61 after Fitch Ratings‘s Owen Fenton cut his rating on the company’s senior unsecured debt to “BB+” from a prior “BBB-,” with a “Negative” long-term outlook, based on “deterioration in the company’s core Devices and Services division in Q1.” Nokia last Thursday reported Q1 [...]

The 17 eurozone nations struggle to tame debt despite slashing government deficits to 4.1% of GDP in 2011.

In early 2012, many analysts were predicting the imminent resumption of the recession in Europe. Against the backdrop of the worsening debt problems of Greece and Spain, the economic performance indicators in the EU for the first quarter were not the best. Now, the united Europe is threatened by a new attack: unemployment growth does not stop

Rick Santorum refrained from endorsing Mitt Romney during a conference call, but said defeating President Obama was the priority, and asked for help in retiring his campaign debt.

“Now that we’ve overcome the crisis, we’ve seen inflation drop to its lowest rate in twenty years – 6.1%. Our total sovereign debt is under 10% of GDP, which, as we know, is far less than in Europe and the United States. Our foreign exchange reserves are now the world’s third largest. This country is on the threshold of a new era.”

Bolton Wanderers midfielder Fabrice Muamba was discharged from the London Chest Hospital on Monday and said he would be forever in debt to the doctors who saved his life.

USA TODAY research finds more than 50 prominent stars who owe significant amounts to the IRS.

Investors rocked world markets this week by selling Spanish bonds  because of doubts about the country’s ability to put in place an austerity program. As prices plummeted, one small Catalonian village tried to think global and act local. It voted for a novel agricultural measure to work its way out of a €1.3 million debt [...]

Lionel Richie owes some money to Uncle Sam. The 62-year-old music legend has a $1.1 million debt to the IRS, according to IRS documents obtained by E! News. The hefty sum is leftover...

DOCUMENTS show that the A-League clubs are forecast to lose almost $27 million this financial year, and the league itself a further $6 million.

Rangers owner Craig Whyte has claimed the club had less liabilities than when he took over despite a report that showed the total debt could be £134million.

EXCLUSIVE: BOYBAND singer lost millions attempting to become a property tycoon

EXCLUSIVE: BOYBAND singer lost millions attempting to become a property tycoon

DUBAI, April 5 - Dubai Holding , the investment conglomerate owned by the emirate's ruler, said on Thursday its private equity arm has reached an agreement with creditors to restructure $2.5 billion...

CANCER uncovered after Aston Villa ran tests following Fabrice Muamba’s collapse

CANCER uncovered after Aston Villa ran tests following Fabrice Muamba’s collapse

Japan's government agrees on a bill to double sales tax by 2015 to cut debt and prepares to submit it to parliament.

Mayor Elaine Scruggs, city manager Ed Beasley are leaving behind a debt of almost $1-billion for the city of 250,000

TEL AVIV (Reuters) - Teva Pharmaceutical Industries, the world's biggest generic drugmaker, plans to offer senior notes denominated in euros and Swiss francs outside the United States.

Toronto filmmaker Jennifer Baichwal delves into the concept of debt in the documentary "Payback," inspired by Margaret Atwood's book. Baichwal and Atwood discuss the film and explain why Conrad Black is featured

TORONTO (Reuters) - When director Jennifer Baichwal was asked to turn novelist Margaret Atwood's book about debt into a documentary, she declined, scared that the topic was about money. Three years later, film complete, she was terrified to show her literary hero the result.

WHOEVER wins Campbell Newman's seat, state debt will soon be hogging headlines.

As Spain tries to rein in its budget deficit, the country's towns and regions have become riches-to-rags stories due to years of overspending.

In second day of testimony in murder trial, gambling friend says he was sure Daniel was the murderer, based on his appearance.

Zimbabwe finally realising the long awaited power crisis.

RASQUERA, Spain (Reuters) - A small town in northeastern Spain, believes it has found a novel way to pay of its debt: cultivating cannabis.

The dollar’s global predominance has enabled US entities to issue their debt in US dollars.

When all else fails, central-bank monetization of debts is the usual answer -- but not a good one.

How is it that the Japanese economy continues to function in the face of persistent deflation and huge and ever-growing government debt?

This one billion dollar bill was found inside an old trunk in Switzerland. The trunk, marked Federal Reserve System, Chicago, Motherbox, Treaty of Versailles, had a total of six trillion dollars inside. That's one third of the US national debt! More »

Death, debt, urban sprawl: there are many reasons why England has lost so many of its Downton Abbeys. A third of Britain’s historic estates have been demolished.

Si usted decide invertir sus ahorros, puede que le ofrezcan productos financieros con siglas como derivados, preferentes, futuros, CDS (credit default swaps), VaR (value at risk), MBS (mortgage-backed securities) y CDO (collateralized debt obligations). ¿Se ha enterado en qué invertirá su capital? Aun así, y si decide entregar sus euros, deberá armarse de fe ...

Talks aim to solve budget impasse amid debt crisis; freeze of $150 million in US aid hits economy hard; unions, employers balk at austerity.

Portugal's debt crisis is forcing hospital closures and hasty reform of the National Health Service, causing some observers to raise concerns about patient care. Gonçalo Figueiredo Augusto reports.

He arrived in Canada knowing no English, with only a Grade 5 education and significant debt. But overcoming fear was nothing new to my uncle

Most Americans, even 'values voters,' seem to have accepted that being a good spouse is not necessarily a requirement for being a good president.So it's official. No one really cares that Newt Gingrich is an egotistical, vainglorious scoundrel, at least where women are concerned. Sure, his ex-wife went on TV two days before the South Carolina primary and re-dished a bunch of dirt about their ma...

THE global economy could slide into depression unless Europe deals with its debt crisis, IMF chief Christine Lagarde has warned.

The family has set up a website to accept donations to help with the medical costs.

The family has set up a website to accept donations to help with the medical costs.

A mother offered up herself and her daughter for sex to pay off a debt at a pawnshop, the owner said.

Countries throughout the world will experience an economic slowdown this year as the sovereign debt crisis in Europe continues to unfold, according to a United Nations report launched today that also warns that governments must urgently address high unemployment rates, particularly among youth.

Mexico's Tax Administration Service has seized Puebla's stadium over an unpaid tax, but the club's administration claims the previous president is at fault for the debt.

by Joseph J Hernandez If you said "yes", fair enough. I can understand your view that settling with credit card companies can be unethical. However, it isn't unethical to settle your debt if you cannot afford to pay it, and the debt collectors agree to accept less than the amount owed, is it? After all, people's finances change all the time. There's no guarantee what the future may bring. Due...

2011 was a hell of a year in politics The battle for the GOP presidential nomination kicked into high gear; the machinery of government ground to a halt over the debt ceiling debate; the Occupy Wall Street movement surged out of nowhere to make economic equality topic No 1; one...

This time last year it was all about the bailout. Now it’s about the possible collapse of the euro as many slip deeper into unsustainable debt

SANTA ANA, Calif. (AP) -- A California court has issued a bench warrant for veteran sports agent Leigh Steinberg in a case involving a $1.4 million judgment owed to a landlord....

FRANKFURT, Germany (AP) -- The European Central Bank loaned a massive euro489 billion ($639 billion) to 523 banks for an exceptionally long period of three years in an effort to steady a financial system under pressure from the eurozone debt crisis....

...and you have a new favorite picture to double punch. Everlast should use that picture on a punching bag. The national debt would be wiped out immediately. Cameron Diaz and Diddy both screamed "JUST FRIENDS!" last month when they were seen having lunch together at some restaurant in Beverly Hills. They're screaming those same words again today after Page Six says they wer...

Is Alibaba getting ready for a serious Yahoo play?

THE fate of Nine hangs in the balance after hedge funds objected to a restructuring proposal from CVC Asia Pacific.

French president says he and German Chancellor Angela Merkel want a new treaty as part of reforms to address debt crisis.

Blog post by butterAbout meJust trying to get my life together and rocking out when i can. So im totally having difficulty paying off school but i just started flipping websites! its been great so far, made a good penny and getting loans paid!I learned from a couple articles that I really can pull myself out of debt and push my way back up to the top and start paying off these stupid student lo...

The protests began because people felt that the government wasn’t representing their interests, and that a privileged few were benefitting at the expense of the many. A costly war had plunged the government into debt, unemployment was high, and the economy was depressed. Protests appeared more or less . . . (Subscription required.)

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Eskom is likely to run up R400bn in debt over the next three years as it pays for upgrades to keep the lights on, chief executive Brian Dames says.

SAN FRANCISCO (AP) -- Netflix shares on Tuesday plunged to their lowest point in more than 20 months....

Virtualization of core network services such as DDI has created a lot of controversy over the last couple of years. Perhaps most notably, Infoblox and Gartner have been both claiming that virtualized network services are not on the agenda of larger organizations, nor will they ever be. I'm not sure I have ever seen a convincing technological reasoning for this position. Rather, the logic has al...

THE Australian dollar has fallen to its lowest level in six weeks as ongoing debt problems in the US and Europe dampen risk sentiment on global markets.

MADRID (Reuters) - Spaniards reeling from an economic crisis voted Sunday in an election expected to throw out the ruling Socialists and bring in a centre-right party which promises only harsher austerity measures.A grim mood dominated as people went to the polls against a background of soaring unemployment, cuts in public spending and a debt crisis that has put Spain in the front line of the e...

LONDON (Reuters) - European Union carbon permits, which have shed more than 40 percent since June, could plunge further as the bloc struggles with a mounting debt crisis and a glut of supply in the...

In the summer and fall of last year, the Greek financial crisis tore at the seams of the global economy. Having run up a debt that it would never be able to repay, the country faced a number of potential outcomes, all unpleasant. Efforts to slash spending spurred riots in the streets of Athens, while threats of default rattled global financial markets. Many economists argued that Greece should ...

The European Central Bank has raised the stakes in its bid to prevent a restructuring of Greek debt, telling eurozone governments it would refuse to accept Greek bonds as collateral in the event of such a move